Temporary Tax Declaration in Cyprus: First Payment Due by 31 July 2025

We remind you that Cyprus companies are required to submit a temporary tax declaration and pay the first instalment of corporate income tax for the 2025 tax year no later than 31 July 2025.

What needs to be done:

• Estimate the company’s taxable profit for the full year 2025;
• Submit the Temporary Tax Declaration (Interim Tax Return);
• Pay the tax in two equal instalments:
  • 1st instalment — by 31 July 2025
  • 2nd instalment — by 31 December 2025

A revised declaration may be submitted at any time before the second payment deadline.

Consequences of underpayment:

If the total temporary tax paid is less than 75% of the final actual tax due for the year, the shortfall will automatically incur:

• A 10% surcharge, and
• Interest at 1.75% per annum.

If the company does not expect to generate taxable profit or will incur a loss, there is no requirement to submit a temporary declaration.

Need assistance?

The experts at Main Partner Trust are ready to help you calculate your temporary tax and prepare the declaration.
For advice, please contact us:

contact@mainpartnertrust.com or use the contact form on our website.

Avoid penalties — don’t miss the submission deadline.

Remark: The content of this article was accurate at the time of the first publication. It provides general information on the subject matter and is not intended as legal advice. For specific advice on your situation, we recommend seeking professional counsel. If you have any questions or need further information, please contact our experts at contact@mainpartnertrust.com.

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